The Great Depression Explained in 11 Minutes

What led to the Great Depression?

• The horrors of World War II.

• The economic complacency of the 1920's.

• The moral decadence  of the Jazz Age.

How did the situation in Europe contribute to the Great Depression in America?

• The situation in Europe led to the rise of dictatorships.

• The situation in Europe caused a decrease in foreign trade.

What industry helped create the economic boom of the 1920s?

• The Railroad Industry

• The Steel Industry

• The Automobile Industry.

What helped to fund the development of New York City?

• The popularity of the Stock Market

• The Automoblie Industry

• The beginnings of Prohibition

What did the lack of trade with Europe do to the American economy?

• It created a surplus of goods and a lack of demand that casued many businesses to go bankrupt and close for good.

• It pressured the U.S. to give loans to Europe which bankrupted our economy.

Why did Agriculture fail during the 1920s?

• Too many people were working as farmers.

• The indusrtrialization of agriculture crated a surplus of produce which drove prices down.

• There was a famine due to the influenza pandemic that awept through America after World War I.

What was the cause of the stock market crash?

• The failure of agriculture and the foreclosure of most of the American farmland.

• The speculation or gambling on the value stocks done on credit. 

What was the major effect of the stock market collapse?

• It cause a massive increase of suicide throughout the nation.

• It caused massive unemployment and poverty throughout the nation

What caused the banking system to fail?

• People lost confidence in the American economy and tried to withdraw all their savings from the banks.

• The banks stopped giving out loans which added to the massive unemployment. 

Who was blamed for the Great Depression and gthe misery it caused throughout America.

• The Bankers

• The Stock Brokers 

• The President: Herbert Hoover

• The Farmers